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Search Results 0 to 7 of about 8 (some duplicates have been removed)
Current
Dec 5, 2012 2:00pm PST
republicans have on the fiscal cliff talks they proceed to be with the debt limit right? so today the treasury department ups the ante by endorsing republican senator mitch mcconnell's summer 2011 provision which, you know, he suggested and it effectively lets the president raise the debt limit himself. only has congress intervene if they don't like it. mcconnell, of course is now against it. do you think something like that could pass? >> maybe. it is only -- it is only december 5th and you know, that leaves 26 days and a lot of times, these kind of negotiations change very wildly in the last few days so it's possible. the fact that mcconnell did propose this just last year, even though he's against it now the fact that he was thiebd last year could build public pressure on him to get behind this again and it is kind of complicated and arcane. you summed it up very well. instead of the debt limit being something that congress has to actively raise, they could just passively -- it would be something they would have to disapprove. in essence. so it could happen that way. there are all kinds of wrinkles here that could be played out. i wouldn't slam
Current
Nov 29, 2012 9:00pm PST
fiscal cliff. we have the good guys, fansing off, of course against the bad guys the republican and then there is the ugly the rabid right wing that threatens to derail the whoa process. it might seem like the dueling factions will need reach an agreement. but a few days ago john boehner said something very, very telling. he told politico, quote, which is a place for everything. hold everything. there is a price for everything. that, ladies and gentlemen is transactional politics at its finest. what will you give me to get what you want? so, today president obama dispatched his top economic advisor, his deputy to find out exactly what that price is. and that's treasury secretary timothy geithner net with the top four congressional leaders pelosi, ma con el, mcconnell and reid and he brought a specific plan from the white house with him. that plan from the president in trying to resolve the fiscal cliff asks for, $1.6 trillion in new revenue. and that's supposed to come from raising taxes on the wealthiest. the president's plan asks for an extension of the payroll tax cut. and an ext
Current
Dec 4, 2012 11:00pm PST
described is an interesting juxtaposition that is happening in d.c. right now, the fiscal cliff and the rights and the soul of the republican party. i'm wondering how you feel whether they resolve it before you come to town? i know you want to avert a crisis, but at the same time deep down do you wish you had a chance to be part that have particular vote? >> look, for the sake of our country, i hope this is resolved before i get there. you know, i've been talking to business owners throughout the corinth for months now. they want certainty predictability from our government. they realize that our taxes are going to be up a little bit. they know there is going to reform to social security and medicare, they want to know so they know how to plan for their companies. i hope it's resolved before i get there if not so be it, i see this as an opportunity for america to lead the way. china is slowing down. india is slowing down. europe is in a recession. south america is slowing down. we have an opportunity to lead out of this mess. i hope we take the lead. >> jennifer: everyone wants to prevent going over over the cliff you still will
Current
Nov 28, 2012 9:00pm PST
boehner has an opportunity to correct. we'll see if he does. funker oh the showdown on the fiscal cliff, president obama today met with middle class americans, corporate executives and he was urging supporters to use #my2k to determine how tax changes would affect them. an schmidt tweeted: >> do you think it's a good idea to go out to the people as the president is negotiating with congress. >> i personally am a big proponent of anytime you're blinging people into the halls of capitol hill, this is one of the most polarized congresses we have seen. compromise has not been king of the hill for sometime now. i'm not sure it works. last year, bringing public pressure to the payroll cut extension through congress. i'm not sure it works this time, but it's an innovative way to get folks engaged. >> of course all of this negotiation around the fiscal cliff, the president actually indicated today that he might be president-electable. he says he's not necessarily looking for income tax rates as high as they were under president clinton. secretary geithner is going to meet with congressional lea
Current
Nov 29, 2012 7:00pm PST
. >> exactly. >> jennifer: does it get it in the fiscal cliff? >> no. >> jennifer: i agree. i agree. as much as i hate to say it. >> because this should be a republican proposal. they are supported this. this is bipartisan. so this is pure politics but i think -- >> jennifer: in this battle. >> the president,. >> jennifer: he might get it throw. i think he gets it in a different way. >> long-term fiscal reform. >> jennifer: i think we get it in a different way. >> he hope so. >> jennifer: that's what i predict. >> all right. >> jennifer: the debt limit this is so interesting for our viewers so that they understand this. >> right. >> jennifer: the debt limit is something that congress has to rat if i essentially. and what the president has proposed, is that essentially congressional oversight over this is removed. that he's not going to get. >> he's proposed a veto. >> jennifer: that ain't going to happen. he's not going to get that. >> no, he's not. >> jennifer: but will he get a raise of the debt limit? >> i think he will get a raise of the debt ceiling. this is really a suicide action by the republicans, they cannot oppose that. >> jennifer: absolutely. so
Search Results 0 to 7 of about 8 (some duplicates have been removed)